Question

1. At the rate of p.a simple interest, a sum of Rs. 2400 will earn how much interest in 4 years 6 months?

Answer 1

Answer:

Given Principal (P) = Rs. 2400 Rate (R) = 9%

Time (T) = 3 years 5 months and 15 days =

24

83

years

To find simple interest and he amount Simple interest =

100

PRT

=Rs.2400×

100

9

×

24

83

=Rs.747

And the amount = Rs.2400 + Rs. 747 = Rs. 3147